Jefferies Financial Group Upgrades Renault (OTCMKTS:RNLSY) to “Strong-Buy”

Renault (OTCMKTS:RNLSY) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Renault from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Barclays lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Renault currently has a consensus rating of “Hold”.

Renault Price Performance

Shares of RNLSY opened at $6.48 on Monday. Renault has a twelve month low of $5.49 and a twelve month high of $8.79. The firm has a fifty day simple moving average of $6.17 and a two-hundred day simple moving average of $6.55.

About Renault

Renault Group is a French automotive company that designs, manufactures and sells passenger cars and light commercial vehicles. Its brands include Renault, Dacia and Alpine, and the group also provides mobility and automotive financing services. Founded in 1899 by Louis Renault and his brothers Marcel and Fernand, the company grew from a French vehicle manufacturer into an international automotive group. It serves customers in Europe and other markets worldwide and has worked with Nissan and Mitsubishi through the Renault-Nissan-Mitsubishi alliance.